SA and VIC wheat markets have continued to fall in recent months, pressured by weakness in US wheat futures, coupled with improving optimism for spring weather. Port Adelaide and Portland wheat bids are circa $330/MT and $337/MT, respectively, down about $20/MT since early July. This......
Australian barley prices have continued to soften, reflecting improved seasonal conditions at home and increases to global feed grain production forecasts. 2025/26 barley (BAR1) bids are around $300/MT Port Adelaide and $309/MT in Geelong, having softened $8-15/MT relative to bids seen in July. This continues......
New season canola prices spiked to $885/MT in late June following crude oil higher as tensions escalated in the Middle East with military action between Israel and Iran. Crude oil prices pulled back on the ceasefire announcement between the two countries with canola prices following......
Lentil prices across SA and Vic have continued their drift lower over the last month as large anticipated 25/26 production forecasts weigh on the market. Bids on a delivered Adelaide or Melbourne port basis have fallen around $10/MT to $760/MT for nipper-type lentils. In......
25/26 SA and VIC wheat prices have remained under pressure, mainly due to a softer local basis, weighed down by recent rainfall and an improved precipitation outlook, each of which have offered improved production prospects. Since July, new crop APW1 prices have fallen by $10/MT......
25/26 barley prices have cooled due to timely local rains which eased drought premiums and increased grower selling pressure. New crop barley prices currently sit around $310/MT in Adelaide’s Outer Harbour and $315/MT in Geelong. Despite the $20/MT pull back from the mid-May highs, a......
Canadian canola and EU rapeseed prices had previously been firming since mid-March; however, these trends have each since broken down. EU rapeseed fell below short-term and then medium-term support, whilst Canadian canola futures has more recently fallen below its short-term support. Crude oil prices rallied......
Lentil prices have remained under significant pressure over the last month, primarily due to lack of demand. Both old and new season prices in SA are down $60/MT since the beginning of June, with a drop of $40/MT in Vic over the same period.......
The June USDA report highlighted higher wheat production but a tighter balance sheet for the 2025/26 season. Production among major wheat exporters is estimated at 396.33 MMT, up 2.42% (9.37 MMT) y/y, primarily driven by increased output in the EU. Despite the y/y rise in......
SA and Vic barley prices have been on a strengthening trend though most of 2025 to-date, however this trend has now come to an end. Prices have been cooling over the last couple of weeks due recent rains and increased grower selling pressure. Despite the......
Canola prices received a boost through mid-June as bids rose from circa $820/MT to $852/MT in Adelaide’s Outer Harbour zone; the discount to GM-canola has slightly declined from $100/MT to $80/MT. Local prices have remained firm through May/June driven by dryness through the start of......
The lentil market remains in a strong inverse as local old crop supplies dwindle, contrasting with large global production forecasts for 25/26. Not all is rosy on the outlook, however, as the two primary lentil producing countries face a precariously low levels of moisture......
SA and Vic new crop wheat prices have slipped $10/MT over the past month on a track basis, with a softer basis against SRW weighing on the market. This pressure primarily stemmed from improved spring rainfall forecasts for southern and south-east Australia, along with recent......
South Australian and Victorian barley prices have been steady to stronger over the last month on a track basis, with prices circa $325-330/MT in Adelaide’s Outer Harbor, and up $4-5/MT reaching $345-349 in Geelong. Meanwhile domestic end-user delivered prices for barley have continued to trend......
Globally canola and rapeseed stocks are tight, and futures markets are in backwardation where spot prices are higher for old crop than for the deferred new crop contracts. 25/26 global production in exporting countries are expected to increase 3MMT to 48.5MMT and stocks are forecast......
Whilst the SA and Vic lentil market has continued to sit around the $900/MT delivered-port equivalent, underlying demand has been quieting down, particularly from India since the reimposition of their lentil import duty. The duty, imposed on 8th March, consists of 5% basic customs......
US wheat futures remained in a medium downward trend through April due to favourable precipitation in late April in key winter wheat growing regions in the US. According to the latest crop conditions report, 51% of the US winter wheat crop is rated Good to......
Canola seeding has commenced in South Australia into mainly dry soils, with Victorian growers also seeding with greater confidence after receiving reasonable April rainfall of 10 to 25mm and subsoil moisture from rains in December. For the 25/26 season, there is forecast 240,000ha to be......
The lentil market has rebounded following lows seen in mid-March, with delivered SA markets returning to $890-900/MT and Vic Wimmera bids $850-$860/MT. The market was initially spurred by a sharp decline in the Aussie dollar in early April; yet despite the strong rebound in......
Local barley prices have trended $8-10/MT higher over the last month reaching prices between $325-330/MT in Adelaide’s Outer Harbour and $340-345/MT in Geelong. Delivered barley prices have continued trending higher, with Adelaide zone delivered prices fetching up to $370/MT as stocks dwindle and feeders focus......
Global rapeseed prices have been extremely volatile through March. Earlier in the month, EU rapeseed prices were testing 2-year highs due to tight stocks of rapeseed in Europe. According to the USDA, last season’s rapeseed production in the EU was 17.2MMT, down 2.7MMT y/y due......
Global wheat futures have been pressured on the recent news of working towards a Black Sea partial cease-fire, with the intent by the US and Russia, to re-open the Black Sea Grain Corridor. This was announced by the White House on the 25th March 2025.......
Barley prices have remained broadly unchanged over the last month with Outer Harbour remaining at $320/MT, with some minor ($2-$4/MT) price pull back. Much of Australian barley’s competitive pricing through the start of 2025 has been a function of the low Australian dollar, along with......
The Australian lentil market is struggling under the weight of the import tariff imposed early by the Indian government. Originally the duty exemption for lentils was due to expire on 31st March 2025, but this was brought forward to 8th March. The rate has......
Wheat futures have dropped sharply, driven by escalating trade tensions following US President Donald Trump’s tariffs on imports from Canada, Mexico, and China. These tariffs have spooked global markets, overshadowing concerns of weather-related crop issues and creating significant volatility in wheat markets. From early January......